Payroll Software for your Small Business
Wondering How to Choose Payroll Software for your Small Business? Let the experts at Red Bench Financial help. Check out this list of key areas to to review when considering what payroll processing software is right for you and your small business.
How to Choose Payroll Software for your Small Business
Wondering How to Choose Payroll Software for your Small Business, Payroll Software for Accountants, Payroll Software Free Download, Accounting and Payroll Software, HR and Payroll Software, Accounting and Payroll Software for Small Business, Scheduling and Payroll Software, Payroll Software and Direct Deposit, Payroll Software for One Employee, EZPaycheck Payroll Software, Payroll Based Journal Software, S Corp Payroll Software, Payroll Software Quickbooks, Certified Payroll Software for Quickbooks, Payroll Software that Works with Quickbooks, Xero Payroll Software, Payroll Software for Trucking Companies, Payroll Software for Small Companies, Payroll Software for Large Business, Payroll Software Cloud or Payroll Software on Cloud? When you start to research options, the list of core software features, services, and add-ons can feel a bit overwhelming. And it’s hard to know what you should be focusing on to make a decision. Let the experts at Red Bench Financial help. Check out this list of key areas to to review when considering what payroll processing software is right for you and your small business.
1. Your business needs
Before you can compare software options, you need to have a clear idea of what your business needs from a payroll service. Here are a few questions to ask yourself:
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What size is your business? How many workers do you have?
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What kind of workers do you have, contractors or employees?
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Do those employees have benefits?
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Who will manage payroll and how much time do they have to devote to it?
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Does your payroll manager always work from the same place?
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How comfortable is your payroll manager with regulatory and legal issues when it comes to payroll?
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How much budget do you have to allocate toward payroll processing?
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What is your biggest pain point in your current payroll process?
Use your answers to these questions to guide you through the rest of the criteria you need to evaluate before you choose payroll software for your business.
2. Features
Whether a payroll software service’s features are must-haves or nice-to-haves is really dependent on your answers to the questions above. But there are some features you should definitely be on the lookout for.
- Tax filings: Taxes are definitely the trickiest part of running payroll. Look for a service that generates and files your federal and state payroll taxes (and makes payments as well).
- Other compliance factors: When you bring on employees, your compliance obligation extends beyond taxes. Look for a service that helps you track sick leave and paid time off and that automatically calculates pre- or post-tax deductions for benefits every time you run payroll. Some payroll services will also take care of documentation like new-hire reports.
- Integrated timecards: Save yourself some time by making sure your payroll software integrates with your timecard software. That way, you don’t have to spend time manually inputting hours before each pay run. Smart software should be able to calculate overtime once timecards are imported.
- Direct deposit: Allow your workers to have their pay deposited directly into their bank accounts instead of mailing out checks every pay period.
- Self-service portal for staff: Whatever service you choose should provide an easy experience for your employees (as well as the person in charge of payroll). Allowing your staff access to online accounts where they can pull pay stubs and update contact information saves you time sending documents or chasing down addresses.
- Employment options: Do you employ contractors or full-time employees or both? Most payroll services only cater to contractors or employees. So if you have both (or think you might in the future), you want to look for software that allows you to run payroll for both. That way you don’t have to jump between two different programs and you won’t have to manually consolidate records.
- Integrations: We’ve already mentioned it a few times, but ensuring your payroll software integrates with your other systems is critical — it saves you time and costly mistakes. So check to make sure your employee management software, your POS, and/or bookkeeping software integrate with whatever service you choose.
3. Support
Many companies provide resources to help small businesses get onboarded with their payroll services. Many have email and phone support in case you have a payroll issue. But sometimes this support comes with a cost. Here at the Red Bench we make our pricing affordable and straight forward.
4. Ease of use
As important as paying your staff is, payroll should be almost a “set-it-and-forget-it” task, after the initial setup of entering an employee into the system.
You shouldn’t have to be an accountant to understand how to use payroll, and your software should also be easy enough for all your employees to use, if necessary. You’ll want to choose a software that makes it possible for small businesses to pay employees and contractors in a few clicks. In addition, that allows you to automate payroll so you never miss a pay run.
About The Red Bench
Our staff is knowledgeable and certified. Our staff qualifications include CPA degrees and certifications in both Xero and Quickbooks accounting software. We have taken exams in both software platforms and are highly recommended as certified advisors by both companies. In short, we know our stuff, and can make your online bookkeeping services a cinch.
Mobile Accounting
Looking for online accounting services, bookkeeping services for your small business, monthly bookkeeping services, online bookkeeping services, xero bookkeeping services, bookkeeping services near you, online bookkeeping services for small business, best online bookkeeping services, quickbooks bookkeeping services, tax and bookkeeping services or virtual bookkeeping services? From iPads to smartphones, we make sure you’re up to speed anywhere, at any time. We make it easy for you to view your finances from any device.
Online Bookkeeping
Let us make things simple and fast for you. We use the cloud to make your life convenient. We can help save you time and money.
Quick Turnaround
Our turnaround is fast. Give us a bill, invoice or bank statement and we’ll process it in a flash. We have balance sheets and profit & loss reports prepared for you when you need them.
Payroll Services
Payroll Processing
We will manage your employee paychecks including employee benefits, garnishments, vacation, sick time, and job costing. We’ll also help manage your contractors. With our mobile system we can keep on top of your employees, and keep you in the loop all at the same time.
Monthly & Quarterly Reporting
Compute monthly and quarterly reports for various benefits and tax purposes with the Red Bench. We ensure error-free calculations and timely payments. We’ll even handle your federal and state payroll reporting requirements including 941, 940, state withholding, and state unemployment.
W2 & 1099 Preparation
We will handle yearly processing and reporting of W2’s and 1099’s so you don’t have to. We will provide each employee, contractor, or vendor with the proper yearly form digitally to allow access at any time. We work to make it right at your fingertips
Direct Deposit
Payroll gets even easier with direct deposit. No more signing and distributing checks. Your employees will appreciate less trips to the bank and their funds directly deposited into their accounts on payday.
Bookkeeping Services
Bookkeeping Made Simple. Using Xero, we can simplify all aspects of your business. Looking for online accounting services, bookkeeping services for your small business, monthly bookkeeping services, online bookkeeping services, xero bookkeeping services, bookkeeping services near you, online bookkeeping services for small business, best online bookkeeping services, quickbooks bookkeeping services, tax and bookkeeping services or virtual bookkeeping services? From old fashioned ledgers and paper trails, to modern cloud based data, the technology is a dream. We want to make your business work smarter and faster. Working with Xero means working in the cloud, which gives you instant access to your business.
Bank Reconciliation
Ensure the reliability of your financial records by having us reconcile for you. We handle the most important task related to accounting. This process will help eliminate errors and ensure accuracy.
Budget Creation
Creating a budget doesn’t have to be a daunting task. We make it a fun and eye-opening experience by teaching you more about your business, and what you can do to reach your goals.
Accounts Payable
The Red Bench can process vendor bills, manage vendor balances, and review monthly statements. We’ll also handle paying the bills and setting up vendor accounts.
Invoicing
We can help you create customized and classy invoices for your customers to see, while also ensuring the accurate recording of all records. We handle accounts payable and receivable.
Easy Payroll Automation
We take on the task of payroll processing to save you the complications and frustrations that come with paying your employees. Let our qualified team automate your payroll to calculate hours, taxes, and employee benefits. Better yet – we will do it all through the cloud so that you can access the information any time of the day.
Online Payment Services
We can set your business up to make and receive online payments in a convenient fashion. Getting you up to date with modern technology is our goal.
Financial Statements
We work to make your business look outstanding to anyone who comes your way. We can create financial statements to help project a future that is clear and concise.
Quickbooks & Xero Training, Support & Maintenance
We can streamline your processes. Looking for online accounting services, bookkeeping services for your small business, monthly bookkeeping services, online bookkeeping services, xero bookkeeping services, bookkeeping services near you, online bookkeeping services for small business, best online bookkeeping services, quickbooks bookkeeping services, tax and bookkeeping services or virtual bookkeeping services? From bookkeeping software installation, to troubleshooting, maintenance and training, we can manage all of your Quickbooks and Xero needs. It is our job to be your partner in making this as easy as possible. We are available 7 days a week/24 hours a day to answer your questions.
Installation
The Red Bench offers professional Xero installation and setup services. From basic software installation and setup, to fine-tuning your company preferences, we simplify the process for you.
On Site Training
Are you looking for one-on-one training in your Xero set up process? Let our staff at The Red Bench help you. We come to you so that you can learn Xero in the comfort of your own home or office. It is our goal to make your experience comfortable and stress free.
Remote Training
We will easily train you and your staff on Xero regardless of where you are located. We have the capability to train you on the software in your own home or office. Our remote training will make you feel like we are sitting right by your side.
Set Up
We convert businesses from other industry software solutions like PeachTree, Quickbooks, or Sage. We will also install, setup, and configure Xero – plus we’ll customize it to meet your specific business requirements. It is our goal to make the transition as smooth as possible.
Updates and Reinstalling
Ensuring that you stay up to date with Xero is top priority for us. We will be there to help with problems or questions at any time, and we will help keep you on top of things with the latest Xero updates. Keeping you updated is at the top of our priority list.
Troubleshooting
Our experts are available help you with any hurdle that you come across. We ensure that any issues you encounter are resolved quickly and easily. We will walk you through the Xero troubleshooting process smoothly and answer any questions that you have along the way.
Quickbooks & Xero Conversions
Red Bench makes the transitions easy. Looking for online accounting services, bookkeeping services for your small business, monthly bookkeeping services, online bookkeeping services, xero bookkeeping services, bookkeeping services near you, online bookkeeping services for small business, best online bookkeeping services, quickbooks bookkeeping services, tax and bookkeeping services or virtual bookkeeping services? Converting your system from paper and spreadsheets to a digital masterpiece is our forte! We handle all aspects of Quickbooks and Xero conversion for your business needs. From account set-up to customization, we thrive on making your business something that can be easily accessed and managed from any mobile device.
Gather Files
It’s easy to bring your data from paper files or receipts or your desktop computer to Xero and QBO and vise versa. We start the process by helping you have the right tools to upload or email your files directly to us.
Upload Data
In one easy step we can assist you with uploading your data to a Xero or QBO software system. Our software does all the work with its simple, stress free process.
Wait for Transfer
With a little time and a lot of ease, we streamlines the process of transferring your files. We will be right there to walk you through it and ensure your files transfer seamlessly to your new bookkeeping system.
Learn the Cloud
Lastly, we work with you to educate you on your new software. Because Xero is on the cloud the benefits are endless. We can easily screen share with you to help with the learning process. We show you how to access your business from any device at any time.
CONTACT US
Our package pricing is simple and transparent, but every business is unique. We also offer al a cart services, customized to suit your needs. Contact us for custom pricing.
Looking for online accounting services, bookkeeping services for your small business, monthly bookkeeping services, online bookkeeping services, xero bookkeeping services, bookkeeping services near you, online bookkeeping services for small business, best online bookkeeping services, quickbooks bookkeeping services, tax and bookkeeping services or virtual bookkeeping services? The Red Bench can help modernize your bookkeeping functions. From pen and paper to digital convenience we can make it happen!
The Red Bench can help modernize your bookkeeping functions.
From pen and paper to digital convenience we can make it happen!